Nigeria-US plans to Improve Trade

Minister of Industry, Trade and Investment, Okechukwu Enelamah recently deliberated with U.S. business executives in Washington on how both nations could improve trade and investment relations.
This was made known by the Strategic Communications Adviser to the minister, Constance Ikokwu in Abuja.

The discussion was the outcome of the telephone call between Presidents Muhammadu Buhari and Donald Trump last Monday. They deliberated on security and economic issues.

Historically, the United States has been one of Nigeria’s top trading partners and was the biggest importer of Nigeria’s crude oil at some point. But in the last five years, there has been a sharp decline in U.S. imports of our crude, due to rising domestic production of shale.

“This development presents Nigeria with good opportunity for diversification and to explore and increase non-oil export, especially in agricultural products, services and digital economy.” – Okechukwu Enelamah, Minister of Trade and Investment

The minister also took part in a Facebook live conversation with U.S.-Africa Business Centre with included Google, Microsoft, Blackstone, Procter and Gamble, UPS, Johnson and Johnson, Boston Scientific, Philip Morris International, Lekoil Oil, ITIC and others.
After the discussion, Enelamah attended events on Ease of Doing Business and Investment at the Centre for Strategic and International Studies (CSIS) and the Hudson Institute and met with Linda Thomas Greenfield, the outgoing Assistant Secretary of State for African Affairs at the U.S. State Department and U.S. Trade Representatives for Africa at Commerce Office.
According to Ikokwu, the “Issues on the agenda at the State Department ranged from Africa Growth and Opportunity Act (AGOA), SMEs and Nigeria’s leadership on the continent.

“The agenda also focused on continued engagement with the new administration, while the commerce office focused on trade and the World Trade Organization.”

“Nigeria is an important partner for U.S. businesses. Our conversation highlighted the work being done to strengthen economic relations between our two countries and how we can continue to build on this relationship.” – Scott Eisner, President of the U.S.-Africa Business Centre and Vice President for African Affairs at the Chamber

The U.S. Chamber of Commerce is the world’s largest business federation, representing more than three million businesses’ interests.

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